Stocks…after the Federal Reserve left interest rates unchanged but said the risks to the U.S. economy had “diminished.”
Win McNamee/Getty Images
The S&P 500 is little changed at 2,168.68, while the Dow Jones Industrial Average has risen 35.50 points, or 0.2%, to 18,509.25. The Nasdaq Composite has gained 0.5% to 5,137.26.
The Fed’s inability to change is getting to Hilltop Securities’ Mark Grant, who summarizes the Fed statement thusly:
RISKS HAVE DIMINISHED. STILL, WE ARE GOING TO DO NOTHING, ABSOLUTELY NOTHING. SEPTEMBER IS WAY TOO CLOSE TO THE ELECTIONS. A FURTHER BOUT OF NOTHING. DECEMBER IS RIGHT AFTER THE ELECTIONS. MORE NOTHING. SO, TO QUOTE THE BARD, “MUCH ADO ABOUT NOTHING!” AT THE SAME TIME THE JAPANESE CENTRAL BANK AND THE ECB ARE DOING SOMETHING AND INTEND TO DO MORE OF IT. THERE YOU HAVE IT!
Top Small Cap Stocks To Buy Right Now: Activision Blizzard, Inc(ATVI)
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers. It also publishes online subscription-based games in the massively multiplayer online role-playing game category; and real-time strategy and role-playing games. In addition, the company maintains a proprietary online-game related service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games. Further, it provides warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software; and manufacturers of interactive entertainment hardware products. The company serves retailers and distr ibutors, including mass-market retailers, consumer electronics stores, discount warehouses, game specialty stores, and consumers through third-party distribution, licensing arrangements, and direct digital purchases. Activision Blizzard, Inc. is headquartered in Santa Monica, California.
- [By Manikandan Raman]
Gameloft said it will issue a statement after the board meeting, which has been convened for next week. Until then, no further comments will be made regarding this unsolicited bid. Both Gameloft and Ubisoft compete with Activision Blizzard, Inc. (NASDAQ: ATVI) and Electronic Arts Inc. (NASDAQ: EA).
- [By Javier Hasse]
The top losers in the index were:
Activision Blizzard, Inc. (NASDAQ: ATVI), down 7.86 percent Tripadvisor Inc (NASDAQ: TRIP), down 1.92 percent
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Top Small Cap Stocks To Buy Right Now: Gap, Inc. (The)(GPS)
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. The company provides apparel, eyewear, jewelry, shoes, handbags, and fragrances; and performance and lifestyle apparel for use in yoga, strength training, and running, as well as seasonal sports, including skiing and tennis. The Gap, Inc. offers its products through company-operated stores, franchise stores, Websites, e-commerce and social media sites, and catalogs. The company has franchise agreements with unaffiliated franchisees to operate Gap, Banana Republic, and Old Navy stores in Asia, Australia, Europe, Latin America, the Middle East, and Africa. As of January 30, 2016, it operated, 3,721 company-operated and franchise store locations. The company was founded in 1969 and is headquartered in San Franc isco, California.
- [By Monica Gerson]
Gap Inc (NYSE: GPS) reported a 6 percent drop in its same-store sales for March 2016, versus to a 2 percent gain during the same period last year. The company saw net sales for the five-week period ended April 2 fall around 6.5 percent on a year-over-year basis to $1.43 billion. Gap shares tumbled 8.78 percent to $25.26 in the after-hours trading session.
Best Stocks To Own For 2016: Deutsche Bank AG(DB)
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services. The company?s Corporate and Investment Bank division engages in the origination, sale, structuring, and trading of bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, securitized instruments, and commodities to sovereign countries and multinational organizations; and medium-sized companies and multinational corporations. It also offers mergers and acquisitions advisory, corporate finance, and transaction banking, as well as trade finance, cash management, and trust and securities services for financial institutions and other companies. The company?s Private Clients and Asset Management division provides mutual funds and alternative investment products; manages real estate and infrastructure investments and private equity funds; offers advisory and portfolio management services to insurance companies; and provides investment solutions to institutional customers, high net worth individuals, and families. This division also offers a range of banking products and services, including current accounts, deposits and loans, and investment management and pension products to private and self-employed individuals, and small to medium-sized businesses. Its Corporate Investments division?s principal investment activities comprise private equity and venture capital investments, corporate real estate investments, a minority stake in Deutsche Postbank AG, credit exposures, and other non-strategic investments. As of December 31, 2010, the company operated 3,083 branches in approximately 74 countries worldwide, including 2,087 in Germany. Deutsche Bank Aktiengesellschaft was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
- [By Rupert Hargreaves]
Even so, thanks to its checkered past, many companies such as Visa (NYSE: V ) andMasterCard (NYSE: MA ) have been late to the party.However, astute companies, such asDeutsche Bank (NYSE: DB ) have been active in the market since the mid 1970s.
Top Small Cap Stocks To Buy Right Now: TD Ameritrade Holding Corporation(AMTD)
TD Ameritrade Holding Corporation provides securities brokerage services and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services include tdameritrade.com Web Platform for self-directed retail investors; Trade Architect, a Web-based platform that enables active investors and traders identify opportunities and stay informed; thinkorswim, a desktop platform for traders; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts from Web-enabled mobile devices. The company also offers TD Ameritrade Institutional that provides brokerage and custody services to approximately 5,000 independent RIAs and their clients; TD Ameritrade Apex, which offers various services to retail clients; Investools, a suite of investor education products and services for stock, option, fore ign exchange, futures, mutual fund, and fixed-income investors; Amerivest, an advisory service that develops portfolios of exchange-traded funds (ETFs) and mutual funds; AdvisorDirect, a national referral service for investors, who wish to engage the services of an independent RIA; and TD Ameritrade Corporate Services that provide self-directed brokerage services to employees of corporations. In addition, it offers various retail brokerage products and services, such as common and preferred stocks; ETFs; options; futures; foreign exchange; mutual funds; fixed income products; primary and secondary offerings of fixed income securities, closed-end funds, and preferred stocks; margin lending; cash management services; and annuities. The company provides its services primarily through the Internet, a network of retail branches, mobile trading applications, interactive voice response, and registered representatives through telephone. TD Ameritrade Holding Corporation was founded in 1971 and is headquartered in Omaha, Nebraska. TD Ameritra! de Holding Corporation operates as a subsidiary of The Toronto-Dominion Bank.
- [By Matthew Smith]
Although we were not surprised by the move yesterday we did not take an overly aggressive stance in positioning the portfolio to benefit from the Fed not tapering. We were long, but we did not initiate any trades solely for the purpose to benefit from the announcement. We are more interested in the long-term wealth building of portfolios right now and as such believe that readers should look to our recent winners that had pullbacks yesterday as buying opportunities. Specifically, we like Ameritrade (AMTD), Charles Schwab (SCHW) and MetLife (MET) which all saw pullbacks ranging from 2.5% to a bit over 5.5% in yesterday’s session. We highlighted the discount brokers as a sector to watch right before the latest takeoff and our belief is that although rates remain unchanged the brokerage business will continue to perform strongly. The next big move up will be as rates rise, but even if one has to wait for this move it will be well worth it for one’s portfolio.
- [By Spencer Israel]
5. TD Ameritrade Holding Corp. (NASDAQ: AMTD) – Analysts are neutral on the brokerage firm, which has been in a trading range from $24-$32 for most of the year. The stock has also had low volatility, and the Street's confidence is at 69%.